Stronger laws and institutions are needed to prevent corruption and money laundering while bankers, lawyers and accountants who enable financial crime must face punitive sanctions says a UN panel. The High-Level Panel on International Financial Accountability, Transparency and Integrity for… Read More ›
Sanctions
US, UK, Switzerland and Israel poorest enforcers of laws against foreign bribery says Transparency International
Transparency International (TI) has published a new report which shows how some of the world’s richest countries fail to enforce laws against foreign bribery. Exporting Corruption examines 47 leading global exporting countries of which 43 are signatories of the Organisation… Read More ›
UK issues guidance for maritime operators on sanctions and AML requirements
The UK’s Office of Financial Sanctions Implementation (OFSI) has issued guidance for entities operating within the country’s maritime sector. The guidance highlights a number of illicit and suspicious shipping practices that are deployed to evade sanctions, emphasises the importance of… Read More ›
Russian oligarchs used trade in high-value art and shell companies to evade sanctions
The US Senate’s permanent subcommittee on investigations has published a report revealing how Russian oligarchs used artworks and shell companies in a multi-million dollar trade-based money laundering operation. The report alleges that Arkady and Boris Rotenberg and Arkady’s son, Igor,… Read More ›